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The missing information here is how much of this currency will belong to facebook, and to each constituent. No matter how many orgs are added to the coalition,
by Zoo3y 7y ago
The missing information here is how much of this currency will belong to facebook, and to each constituent. No matter how many orgs are added to the coalition, if facebook owns 50% of the coin then it's all a sham.
- conanbatt 7y agoWhy? Its a convertible coin. It doesn't matter.
- nabla9 7y agoOwning coins does not provide excessive value or control for the owners, because it's basically just money market fund attached to the payment system. FB probably wants to tap into user payment records and that's why they push this.